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Gold/Mining/Energy : International Gold Corp (IGCO) -- Ignore unavailable to you. Want to Upgrade?


To: Chuck Delo who wrote (298)12/8/1998 7:54:00 PM
From: Semyon Kuretsky  Respond to of 405
 
The consistency is just amazing.. every reported hole adds 1.2mm OZ of gold to IGCO treasury..
19,000 ft - 500mm ton of ore
2500 - x x= (2500 * 500mm ton / 19000 = 65.78mm ton of ore
the drilling so far covered 65.78 mm ton of ore
If we assume this kind of distribution for the area that had not been reported (between or around the drilled core holes ) then we have up to this point 65.78mm * 0.09 OZ = 6.05 mm OZ of GOLD!
Can anybody suggest (if indeed this is 6mm OZ) what should the stock
price based on this amount of gold and $120 extraction cost??

This quiet lake will turn to a stormy ocean one day!!!
Long and love it!
Happy investing!